GiG Announces Upcoming Company Restructuring
Company Announcements

GiG Announces Upcoming Company Restructuring

Gaming Innovation Group (GIGI) has released an update.

Gaming Innovation Group Inc. (GiG) has announced a shareholder meeting for September 23, 2024, to propose the restructuring of the company into two entities: GiG Media and GiG Platform, the latter of which will become an independent public company via a Spinoff. Shareholders will receive one Norwegian Depositary Receipt for each GiG share they hold, reflecting ownership in the new GiG Platform business. Preliminary third-party analyses suggest GiG Platform could be valued at 14% of GiG’s total pre-Spinoff value.

For further insights into GIGI stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskGentoo Media Reports Record Revenue and Strategic Growth in Q3 2024
TipRanks European Auto-Generated NewsdeskGentoo Media Shares Acquired by Insider’s Affiliate
TipRanks European Auto-Generated NewsdeskGentoo Media Reports Record Revenue Post-Spin-Off
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App